Singapore November BTO applications top 35,600 as rate hits 4.5, highest since August 2022

Singapore's November Build-to-Order (BTO) sales exercise by the Housing and Development Board closes at midnight on Wednesday (11 November). As of 5pm on the day, 35,603 people had applied for 7,964 flats, an overall application rate of 4.5, the highest since August 2022.

Applicants up nearly 50% from June

The exercise launched on 4 November, offering 7,964 flats across seven projects in Bedok, Geylang, Sembawang, Tengah, Toa Payoh and Yishun. Applicants were up about 46% from 23,894 in the June round, the most since October 2024, and the overall application rate also beat June's 3.4.

Toa Payoh project most sought after

The most popular projects are Hillside in Toa Payoh (Prime category) and Bayshore Sails and Bayshore Oasis (Plus category). The exercise includes 3,114 four-room flats, with first-timer families facing the stiffest competition at Hillside in Toa Payoh.

First exercise under raised income ceilings

This is the first sales exercise under the raised income ceilings: the household monthly income ceiling rose to S$16,000 from 24 August, and S$8,000 for singles. The Housing and Development Board will release final application figures at 2pm on 12 November.

(File photo: public housing flats in Singapore.)